assessed valuation

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assessed valuation

The value of a property as determined by a municipality for real estate tax purposes; often this valuation is less than the true market value of the property.
References in periodicals archive ?
Since 1989, voter-approved bonds have boosted the average homeowner's tax bill from $1,035 to $1,155 per $100,000 of assessed value, according to figures provided by the county Assessor and Auditor-Controller offices.
5 percent for property with a value up to 10,000 lats, 1 percent if the assessed value is between 10,000 lats and 20,000 lats, 1.
The assessed value is used to determine how much taxes are due.
However, for those properties whose market values are still above the assessed values, the taxes will likely have increased, because measures 47 and 50 raise assessed values 3 percent a year, provided they don't bump up against the market value.
So on those houses, the assessed value has increased by the amount allowed by law, and so have taxes.
8 percent would support paying $25 per $100,000 assessed value, and 55.
other than general maintenance and repair) may qualify for a partial exemption so long as such improvements do not increase the overall assessed value of the home by more than 15% of SONYMA's price limits.
Even including overlapping debt, the debt to assessed value ratio is low at 1.
Because what matters for tax purposes is the assessed value, and because taxes are largely determined by the capped rates, fluctuating real estate prices have no effect on most people's property tax bills.
Under Proposition 13, home buyers pay taxes based on the assessed value of the home at the time of purchase.
Those numbers do not compare well with assessed values on the newest late-1980's prime, Class A properties that fall out closer to $11 and $12 a foot.
Under Oregon's constitution, the assessed value of properties - as opposed to their market value - must be increased 3 percent a year.